Stride Inc. (LRN) Tops Q2 EPS by 14c

Stride Inc. (NYSE: LRN) reported Q2 EPS of $1.19, $0.14 better than the analyst estimate of $1.05. Revenue for the quarter came in at $458.4 million versus the consensus estimate of $443.23 million.

GUIDANCE:

Stride Inc. sees Q3 2023 revenue of $445-465 million, versus the consensus of $436.3 million.

• Revenue in the range of $1.775 billion to $1.815 billion.
• Capital expenditures in the range of $70.0 million to $75.0 million. Note that capital expenditures include the purchase of property and equipment, and capitalized software, and curriculum development costs as defined on our Statement of Cash Flows.
• Effective tax rate of 27% to 29%.
• Adjusted operating income in the range of $180.0 million to $200.0 million. (1)

Stride Inc. sees FY2023 revenue of $1.775-1.815 billion, versus the consensus of $1.73 billion.

• Revenue in the range of $445.0 million to $465.0 million.
• Capital expenditures in the range of $16.0 million to $19.0 million. Note that capital expenditures include the purchase of property and equipment, and capitalized software and curriculum development costs as defined on our Statement of Cash Flows.
• Adjusted operating income in the range of $70.0 million to $80.0 million. (1)

For earnings history and earnings-related data on Stride Inc. (LRN) click here.

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